Kovack Advisors Inc. Has $4.08 Million Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Kovack Advisors Inc. lowered its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 208,625 shares of the auto parts company’s stock after selling 8,275 shares during the quarter. Kovack Advisors Inc. owned 1.21% of Cooper-Standard worth $4,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NorthRock Partners LLC increased its stake in shares of Cooper-Standard by 5.2% in the third quarter. NorthRock Partners LLC now owns 37,878 shares of the auto parts company’s stock valued at $508,000 after buying an additional 1,878 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Cooper-Standard by 0.4% during the 3rd quarter. Acadian Asset Management LLC now owns 512,699 shares of the auto parts company’s stock worth $6,878,000 after buying an additional 2,124 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Cooper-Standard by 10.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 25,424 shares of the auto parts company’s stock worth $341,000 after buying an additional 2,440 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Cooper-Standard during the 3rd quarter worth approximately $56,000. Finally, Clear Street Markets LLC bought a new position in shares of Cooper-Standard during the 3rd quarter worth approximately $93,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Cooper-Standard Trading Up 4.0 %

Shares of CPS traded up $0.61 during trading hours on Friday, reaching $15.98. The stock had a trading volume of 47,011 shares, compared to its average volume of 155,383. Cooper-Standard Holdings Inc. has a 12 month low of $9.86 and a 12 month high of $22.74. The firm has a 50-day simple moving average of $15.27 and a 200 day simple moving average of $16.22. The company has a market capitalization of $276.29 million, a price-to-earnings ratio of -1.37 and a beta of 2.88.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) earnings per share (EPS) for the quarter. The company had revenue of $673.64 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Cooper-Standard from a “buy” rating to a “hold” rating in a report on Tuesday.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.